SigmaStar Technology (SZSE:301536) ROCE % : 7.77% (As of Mar. 2024)

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What is SigmaStar Technology ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. SigmaStar Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.77%.

SigmaStar Technology ROCE % Historical Data

The historical data trend for SigmaStar Technology's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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SigmaStar Technology ROCE % Chart

SigmaStar Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

56.58

55.48

62.30

30.02

9.21

SigmaStar Technology Quarterly Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Mar23	Jun23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial				-	9.68	13.31	-	7.77

SigmaStar Technology ROCE % Calculation

SigmaStar Technology's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	208.48	/	( ( (2432.418 - 458.126)	+	(3440.065 - 889.157) )	/ 2 )
	=	208.48	/	( (1974.292	+	2550.908)	/ 2 )
	=	208.48	/	2262.6
	=	9.21 %

SigmaStar Technology's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	225.012	/	( ( (3440.065 - 889.157)	+	(3997.93 - 756.559) )	/ 2 )
	=	225.012	/	( ( 2550.908	+	3241.371 )	/ 2 )
	=	225.012	/	2896.1395
	=	7.77 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

SigmaStar Technology (SZSE:301536) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

SigmaStar Technology ROCE % Related Terms

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SigmaStar Technology (SZSE:301536) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SigmaStar Technology Ltd (SZSE:301536) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Houzhan Road, Floor 16, No. 1, Tong\'an District, Fujian Province, Xiamen, CHN, 361116

Website

https://www.sigmastar.com.cn

SigmaStar Technology Ltd is engaged in research & development and sales of video surveillance chips. Its products cover IP Cam, USB Cam, NVR, DVR, vehicle electronics, action cameras, smart home, robots, industry and other fields.

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